Technology giant IBM (NYSE: IBM) on Monday released its first quarterly report under new CEO Arvind Krishna, at a time when the industry is passing through an era of unprecedented turmoil.
In the first quarter of 2020, adjusted earnings dropped to $1.84 per share from $2.25 per share in the corresponding period of last year, but topped the estimates. The unimpressive bottom-line performance reflects a 3% decline in revenues to $17.6 billion.
IBM’s stock has been on the recovery path since mid-March, after being battered by the market selloff spurred by the COVID-19 outbreak. The shares, which lost about 11% since the beginning of the year, closed Monday’s regular session higher. However, they slipped into the negative territory during the after-hours following the earnings announcement.
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results
Caterpillar Inc (NYSE: CAT) reported second-quarter 2021 financial results before the regular market hours on Friday. The manufacturer of construction machinery and equipment reported Q2 revenue of $12.9 billion, up
Chevron Corporation (NYSE: CVX) reported second-quarter 2021 earnings results today. Total revenues amounted to $37.5 billion compared to $13.4 billion in the year-ago period. The reported net income was $3.1